Tesco Corporation (NASDAQ:TESO) Quarterly EPS Review

Barsaba Taglieri
Luglio 16, 2017

11/06/2014 - Tesco Corporation was downgraded to "underperform" by analysts at Zacks. Louisiana State Employees Retirement System now owns 19,000 shares of the oil and gas company's stock worth $153,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement has 0.01% invested in Tesco Corporation (USA) (NASDAQ:TESO). Can boosted its stake in Tesco Corporation by 7.7% in the first quarter. TD Asset Management Inc. boosted its stake in Tesco Corporation by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 434,697 shares of the oil and gas company's stock worth $3,500,000 after buying an additional 45,621 shares during the period. Karp Capital Management Corp acquired a new stake in Tesco Corporation during the first quarter worth $266,000.

08/28/2014 - Tesco Corporation was downgraded to "hold" by analysts at Deutsche Bank. Comerica Bank now owns 51,436 shares of the oil and gas company's stock valued at $347,000 after buying an additional 2,357 shares in the last quarter. Great West Life Assurance Co. 13 funds opened positions while 41 raised stakes. Great West Life Assurance Co. Brown now anticipates that the oil and gas company will post earnings per share of ($0.23) for the quarter, down from their previous estimate of ($0.21). Institutional investors and hedge funds own 95.27% of the company's stock.

Tesco Corporation (NASDAQ:TESO) traded down 9.78% on Friday, hitting $4.15. The company has a 50-day moving average price of $4.61 and a 200-day moving average price of $7.17.

03/03/2016 - Tesco Corporation had its " rating reiterated by analysts at FBR Capital Markets. Tesco Corporation has a 52-week low of $3.70 and a 52-week high of $9.65. Three analysts have provided estimates for Tesco Corporation's earnings, with estimates ranging from ($0.26) to ($0.23). The oil and gas company reported ($0.29) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.29). Tesco Corporation had a negative net margin of 55.00% and a negative return on equity of 18.65%. The business had revenue of $36.70 million during the quarter, compared to analysts' expectations of $35.65 million.

Investment analysts at Seaport Global Securities reduced their Q2 2017 EPS estimates for shares of Tesco Corporation in a research report issued to clients and investors on Wednesday. Similarly, the company's last 5 years high P/E ratio is 24.23 and low P/E is 8.88, whereas, the industry's and sector's high P/E for the past year is 99.31 and 25.88 respectively and low P/E ratio for the last 5 years is 8.98 for the industry and 11.52 for the Sector. On average, analysts predict that Tesco Corporation will post ($0.92) earnings per share for the current fiscal year.

Among 5 analysts covering Tesco Corporation (NASDAQ:TESO), 2 have Buy rating, 1 Sell and 2 Hold.

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Several other large investors also recently added to or reduced their stakes in TESO. Cowen and Company lowered their target price on shares of Tesco Corporation from $9.00 to $6.00 and set a "market perform" rating on the stock in a report on Monday, June 5th. Finally, Zacks Investment Research upgraded Tesco Corporation from a "hold" rating to a "buy" rating and set a $7.00 target price for the company in a research report on Wednesday, May 10th. Seaport Global Securities now has a "Neutral" rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average target price of $7.00.

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